Calling for a top here is only good for claiming clout if you're right. Very clearly, we still have bullish momentum above a significant level. Until the higher lows are broken, anyone trying to call a top is more concerned with gaining clout than they are making profits.
Could they be right? Absolutely. The top could be in. But shorts should still be considered counter trend trades until we have more information.
Could they be right? Absolutely. The top could be in. But shorts should still be considered counter trend trades until we have more information.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.